Aviatrix CEO tech leader Steve Mullaney has been telling the world+dog that there is nothing unusual about the large number of layoffs that are occurring in the IT industry.
He said that a large number of sackage is due to the “overhiring” technology companies did over the past few years during the COVID-19 pandemic.
Mullaney said: “Everyone just kept hiring, hiring and hiring, whether it made any sense or not. There was no downside to it. And all anyone cared about was growth at any cost. Then last summer hits. All of a sudden everybody then says, ‘We’ll now, hang on. That’s not the way the world works anymore. You actually have to be profitable.’ It’s going back to what’s normal.”
He said that AWS probably hired hired tens-of-thousands of people over the last year so there is nothing wrong with AWS.
